Diminishing return occurs in short run when there is a reduction in the
ECONOMICS
WAEC 1996
Diminishing return occurs in short run when there is a reduction in the
- A. Average product of the fixed factor
- B. Total product of the variable factor
- C. Total product of the fixed factor
- D. Marginal product of the variable factor
Correct Answer: D. Marginal product of the variable factor
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